Klipsch Announced as the New Name-In-Title Holder of Legendary Indiana Amphitheater

INDIANAPOLIS, Oct. 27, 2011 /PRNewswire/ -- Live Nation Entertainment (NYSE: LYV), the leading live entertainment and eCommerce company and Klipsch, the leading global speaker manufacturer proudly announced today that the 24,000 capacity amphitheater formerly known as Verizon Wireless Music Center is now the Klipsch Music Center.  For Indianapolis-based Klipsch, today's announcement is an extension of its previously announced partnerships with Live Nation Entertainment in Miami and New York City.

"Today marks one of the most significant milestones in Klipsch history," said Paul Jacobs, CEO of Klipsch Group Inc. "For 65 years, Klipsch has delivered on founder Paul W. Klipsch's groundbreaking acoustic principle of recreating the live music experience. Live shows and their memorable, emotional impact have defined us as a company, and we couldn't ask for a better partner than Live Nation Entertainment to deliver an incomparable live music experience to our hometown."

"Klipsch understands the power of music and works day in and day out to complement the experience with premium sound solutions," said Maureen Ford, Venue Network President at Live Nation. "The Klipsch brand is a great fit for this sponsorship, enabling them to reach, engage and connect with live music fans and their customers at our venues."

Klipsch Music Center is nestled on 228 acres of land in Noblesville, located outside of Indianapolis in Hamilton County.  For over 20 years, the venue has hosted a wide variety of leading popular artists ranging from Frank Sinatra to Coldplay to Metallica to the recent appearance of Elton John and countless others since it opened in 1989. The venue has consistently ranked in the top-five for amphitheaters worldwide due to its picturesque outdoor setting and reputation for consistently providing the best in live entertainment.

Since establishing its corporate headquarters in Indianapolis, Indiana in 1989, Klipsch has diversified its global product offering to encompass home theater, professional cinema, installed whole-house audio, commercial applications, computer speakers, iPod docks and headphones. The company's foundation is deep-rooted in live music and reflects the no-compromise spirit of the brand's commitment to delivering the world's most powerful, detailed and emotional sound reproduction.

Maureen Ford, President - Venue Network of Live Nation Entertainment and Paul Jacobs, CEO of Klipsch, made today's announcement at the Klipsch Music Center. The event also included video appearances from acclaimed musicians Lou Reed, Kyle Cook of matchbox twenty, Jennie DeVoe and Kenny Aronoff, all avid Klipsch fans.

As an extension of Klipsch's longstanding fundraising efforts for the Make-A-Wish Foundation®, the company also unveiled its plans to donate the proceeds from the auction of a custom-made Klipsch motorcycle. Over the course of the 2012 concert season, this custom built Orange County Chopper motorcycle outfitted with Klipsch speakers will be signed by artists performing at the Klipsch Music Center. At the completion of the 2012 season, the motorcycle will then be auctioned off to benefit the Make-A-Wish Foundation. Over the years, Klipsch has worked closely with the local Indiana Make-A-Wish chapter to grant wishes to children who have been diagnosed with life-threatening illnesses. This year's fundraising efforts have enabled the company to grant a total of four wishes for local Indiana children.

About Klipsch Premium Speakers

For over 65 years, Klipsch has designed premium speakers for those who are passionate about great sound. Company founder Paul W. Klipsch started this legacy in 1946, and it continues today with sheer commitment to innovation and delivering the world's most powerful, detailed and emotional sound reproduction. Today, the brand's diverse product portfolio encompasses home theater, professional cinema, installed whole-house contracting, commercial, computer speakers, iPod® docks and headphones. As one of the first U.S. loudspeaker companies, Klipsch continues to be the high-performance brand of choice for audiophiles and home theater aficionados around the world. Klipsch Group, Inc. is also a wholly-owned subsidiary of Audiovox Corporation (NASDAQ: VOXX).

About Live Nation Entertainment

Live Nation Entertainment is the world's leading live entertainment and eCommerce company, comprised of four market leaders: Ticketmaster.com, Live Nation Concerts, Front Line Management Group and Live Nation Network. Ticketmaster.com is the global event ticketing leader and one of the world's top five eCommerce sites, with over 26 million monthly unique visitors. Live Nation Concerts produces over 20,000 shows annually for more than 2,000 artists globally. Front Line is the world's top artist management company, representing over 250 artists. These businesses power Live Nation Network, the leading provider of entertainment marketing solutions, enabling over 800 advertisers to tap into the 200 million consumers Live Nation delivers annually through its live event and digital platforms. For additional information, visit www.livenation.com/investors.

For more information on Klipsch and its products, please visit http://www.klipsch.com/.

For more information on Live Nation Entertainment, please visit http://www.livenation.com.

Press materials:

Please email [email protected] for high-resolution images of the venue and from today's press announcement, new venue logos, links and more.

www.klipschmusiccenter.com

SOURCE Live Nation Entertainment